Chapter 15 - Price Levels And The Exchange Rate In The Long Run

40 Questions  I  By Morganeci

  
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1.  The expected rate of change in the nominal dollar/euro exchange rate is best described as
A.
B.
C.
D.
E.
2.  Under sticky prices,
A.
B.
C.
D.
E.
3.  The difference between nominal and real interest rates is that
A.
B.
C.
D.
E.
4.  Under Purchasing Power Parity,
A.
B.
C.
D.
E.
5.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
6.  Under the monetary approach to the exchange rate theory, money supply growth at a constant rate
A.
B.
C.
D.
E.
7.  Which of the following statements is the most accurate? In general,
A.
B.
C.
D.
E.
8.  Which of the following statements is the most accurate? The law of one price states:
A.
B.
C.
D.
E.
9.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
10.  The expected real interest rate (re) in terms of the nominal interest rate (R) and the expected inflation rate (πe) is given by
A.
B.
C.
D.
E.
11.  An increase in the world relative demand for U.S. output causes
A.
B.
C.
D.
E.
12.  In order for the condition E$/HK$ = Pus/PHK to hold, what assumptions does the principle of purchasing power parity make?
A.
B.
C.
D.
E.
13.  When all variables start out at their long-run levels, the most important determinant of long-run swings is nominal exchange rates is
A.
B.
C.
D.
E.
14.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
15.  Under a flexible-price monetary approach to the exchange rate,
A.
B.
C.
D.
E.
16.  In practice,
A.
B.
C.
D.
E.
17.  Under sticky prices,
A.
B.
C.
D.
E.
18.  Under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
19.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
20.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
21.  Under PPP (and by the Fisher Effect), all else equal,
A.
B.
C.
D.
E.
22.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
23.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
24.  Which of the following statements is the most accurate about the Law of One Price on Scandinavian ferry lines?
A.
B.
C.
D.
E.
25.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
26.  Under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
27.  In the short run,
A.
B.
C.
D.
E.
28.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
29.  Which of the following statements is the most accurate? In general, under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
30.  Which of the following statements is the most accurate? In general, under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
31.  When the domestic money prices of goods are held constant
A.
B.
C.
D.
E.
32.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
33.  Under Purchasing Power Parity,
A.
B.
C.
D.
E.
34.  The monetary approach makes the general prediction that
A.
B.
C.
D.
E.
35.  If people expect relative PPP to hold,
A.
B.
C.
D.
E.
36.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
37.  Who among the following list of people is an early 20th century economist from Yale University who wrote the book The Theory of Interest?
A.
B.
C.
D.
E.
38.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
39.  In the long run
A.
B.
C.
D.
E.
40.  Interest rate differences between countries depend on
A.
B.
C.
D.
E.
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